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Question 9 of 12 View Policies Current Attempt in Progress -18 ! On March 1, Brenda Co. began construction of a small building. The
Question 9 of 12 View Policies Current Attempt in Progress -18 ! On March 1, Brenda Co. began construction of a small building. The following expenditures were incurred for construction March 1 $337,500 April 1 296,000 May 1 723,000 June 1 1,149,000 July 1 396,000 The building was completed and occupied on July 1. To help pay for construction $237.500 was borrowed on March 1 on a 12%, three- year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. (a) Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter O for amounts)
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